UAW Wins Tentative Contract Deal With Final Big Three Holdout
The United Auto Workers on Monday secured a tentative agreement with General Motors that reportedly includes a 25% general wage increase over the life of the four-and-a-half-year contract as well as cost-of-living adjustments.
According to Bloomberg, the UAW's agreement with GM has similar economic terms as the historic tentative deal the union reached with Ford last week and a subsequent agreement with Stellantis over the weekend.
With the GM deal, the UAW has now reached a tentative contract agreement with each of the Big Three U.S. automakers, putting an end—at least for now—to the union's historic six-week strike that involved nearly 50,000 workers.